Escrow & Title
A preliminary title report (prelim) is ordered in escrow primarily to:
ADetermine the property's market value
BIdentify all liens, encumbrances, easements, and conditions affecting the property's title✓ Correct
CInspect the physical condition of the property
DCalculate property taxes owed
Explanation
A preliminary title report discloses the current state of title, including all liens, easements, encumbrances, covenants, and conditions. It allows all parties to identify and resolve title issues before closing.
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